SMARTOPTICS GROUP ASA: årsregnskap 2008 vs 2007
Returned to profit, fresh owner capital
approved 2009-04-21; registry 2009-10-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for SMARTOPTICS GROUP ASA. Revenue 0 NOK → 1 128 NOK. Net result -88.91m NOK → +41.27m NOK. Equity 294.98m NOK → 203.03m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SMARTOPTICS GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 1 128 NOK. Calculated
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↑
Operating result improved
Operating result -22.79m NOK → -16.63m NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 88.91m NOK to a profit of 41.27m NOK. Calculated
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↑
Cash rose
Bank deposits 1.99m NOK → 2.32m NOK (+16.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 294.98m NOK → 11.20bn NOK (+10.91bn NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 294.98m NOK → 203.03m NOK (equity ratio 78.7% → 83.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 257.08m NOK → 51.59m NOK (-79.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 327.83m NOK → 227.86m NOK. Reported fact